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In order to assist, we need more clarification as well as any questions you have about your entry, if appliable.
It's clear you must repay the credit if your income is over the amount for your filing status:
If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help. If you would like to do this, here are the instructions:
TurboTax Online:
Open your return -Go to the menu panel on the left side of your return and select Tax Tools.
TurboTax Desktop:
If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps:
We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.
I am in the same boat. I transferred my EV tax credit to dealer thinking my AGI would be under the 150,000 limit but i was over and now need to repay the $7500 back to the IRS. Form 8936 and Schedule A (Form 8936) should be added so turbotax can calculate the amount of refund or amount owed.
This really has nothing to do with the vehicle eligibility. The issue has been identified if you read. Schedule 2 does not match the IRS form. The following scenario is missing from TurboTax:
1b: Repayment of new clean vehicle credit(s) transferred to a registered dealer
from Schedule A (Form 8936), Part II. Attach Form 8936 and Schedule A (Form
8936) .
Please note that when I enter the information for the vehicle for which I did not qualify, it just says the credit is Zero and does not retain the information.
The vehicle is a 2017 Chevrolet Bolt. It's a BEV. It qualified for the used credit ($4,000) per the IRS guidelines.
I was over the AGI for 2022 and 2023 and did not qualify, so I need to pay the $4,000 I transferred to the dealer back to the IRS.
Token: 1263622
State: OH
Here is a link to the IRS Schedule 2 as well. If TurboTax would handle section 1b, then this would be resolved. Thanks!
Thank you for your valued feedback. We are aware of this issue and our developers are working diligently to correct it.
I have been a loyal TurboTax customer for years, but I think it's fair to mention to others following this thread that HR Block does in fact handle this situation. The $4,000 credit was identified as needing to be paid back and was deducted from my total return amount when I entered the same information.
TurboTax team. When can we expect this fix to be rolled out to TTO customers?
We are aware that some of our customers are having an issue with the EV credit payback reporting when the credit was transferred to the dealer.
Please click here to sign up to receive an email notification as soon as this issue has been resolved.
Please help me, too! I am qualified for a $4000 previously owned EV credit which I transferred to the dealership at the point of sale. According to the IRS, because my vehicle was put into service in 2024, and my AIG as a Single filer in the prior year (2023) was well under $75K, I should be qualified. The IRS website states: "You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your income is below the threshold for 1 of the 2 years, you can claim the credit." https://www.irs.gov/credits-deductions/used-clean-vehicle-credit
The Turbotax app is telling me if I made over $75K in either year, I am disqualified! My credit is coming up "zero." Please sort this out as soon as possible.
If your situation when trying to claim the EV credit is not working properly in TurboTax, it would be very helpful to have a diagnostic copy of your tax file to take a closer look and try to offer a solution for you. The diagnostic file will not contain personally identifiable information, only numbers related to your tax forms.
If you would like to provide us with the diagnostic file, follow the instructions below and post the token number along with which version of TurboTax you are using and what states you are filing in a follow-up thread.
Use these steps if you are using TurboTax Online:
If you are using a CD/downloaded version of TurboTax, use these steps:
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